Articles and opinions by Wendy Weng

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Top ten companies with most bitcoins hold over 191,000 in total

Some companies have acquired cryptocurrencies for their corporate treasuries despite the volatility. MicroStrategy, the public company that hold the most bitcoin on the balance sheet, remain bullish on bitcoin.

     
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Global remittances fell smaller than expected 2.4% in 2020 as economies recover…

Despite 2020 being a difficult year for most economies, some countries’ remittance flows have proven more resilient than expected during the COVID-19 pandemic, according to a World Bank report.

     
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Bitcoin’s market dominance falls to 38% as crypto asset trading grows

Crypto markets have seen recent spikes and increased volatility as more mainstream companies and speculators continue to join the digital asset trading and investment bandwagon. The impressive rise of other cryptocurrencies beside Bitcoin…

     
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Mergers and acquisitions more than tripled in Asia Pacific as China opens up

The Asia Pacific will likely remain an active place for mergers and acquisitions in the financial sector in 2021 due to stronger post-pandemic recovery, opening up of markets, and a growing pool of fintech startups seeking funding, according…

     
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Top Indonesian banks’ net profit slid 39% as bad loans rose

The financial results of BUKU IV banks, the top banks by core capital in Indonesia, weakened amid the COVID-19 crisis. Banks experienced a contraction in net loans and set aside more provisions.

     
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Indonesian banks’ profitability hardest hit amid COVID-19 but remained highest…

The COVID-19 pandemic has exerted substantial impact on the profitability of banks in Asia Pacific, although most are better positioned to weather this crisis than during the global financial crisis

     
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Islamic banks' assets rose 13%

Saudi Arabian Islamic banks continue to display strong financial performance. The growth of Islamic bank assets accelerated despite slowdown in profits

     
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Saudi Arabian and Egyptian banks demonstrate capital strength as Middle Eastern…

National Commercial Bank and Banque Misr emerged as the strongest bank by balance sheet in the Middle East and Africa respectively in 2020. Banks in Saudi Arabia and Qatar are the strongest in the Middle East, while Egyptian and South African…